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Morgan Stanley's Bullish Stance: Ford, General Motors, and Ferrari

  • July 07th, 2023
  • 271 views

Ford Motor Company (NYSE: F), a renowned automobile manufacturer, was maintained with an Overweight rating by Morgan Stanley, who raised the price target from $14 to $16.

Based on Thursday's closing price of $14.98, the adjusted price target indicates a potential upside of $1.02 or approximately 6.81% for $F, according to the investment firm's view.

General Motors Company (NYSE: GM), a leading global automotive company, also was maintained with an Overweight rating by Morgan Stanley, accompanied by a raised price target from $38 to $41.

With $GM closing at $39.46 on Thursday, the raised price target suggests a potential upside of $1.54 or about 3.90% for $GM, based on the brokerage firm's assessment.

Ferrari N.V. (NYSE: RACE), an iconic luxury sports car manufacturer, was similarly maintained with an Overweight rating by Morgan Stanley, who raised the price target from $310 to $340.

Despite $RACE closing at $313.53 on Thursday, the adjusted price target implies a potential upside of $26.47 or approximately 8.44%, according to the global financial services firm's analysis.

The potential upsides mentioned for these companies are based on the assessments and views of Morgan Stanley, reflecting he global financial services firm's analysis and expectations for the potential growth in stock value. Investors are advised to carefully consider these opinions when making investment decisions.

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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